This property looks like a bad Long-Term investment with a projected -18.6% first-year return on $109k initial cash invested.
-18.6%
Cash On Cash
2.64%
Cap Rate
0.42
DSCR
$1,973
Rent
-$1,693
Cashflow
Cash Flow
$1,973 income − $3,666 expenses = $1,693 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,973
Total Expenses
$3,666
Mortgage P&I
139%
$2,739
Property Taxes
12%
$232
Home Insurance
9%
$182
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0